Latest news with #JioBlackRockAssetManagement
India.com
2 days ago
- Business
- India.com
After getting Rs 170000000, Mukesh Ambani's back to back launch, gets Sebi's approval for 5 new schemes of…
Mukesh Ambani (File) Jio BlackRock Asset Management, the 50:50 joint venture between Jio Financial Services and BlackRock, had already successfully raised over Rs 17,800 crore ($2.1 billion) through the initial offering of three debt mutual fund schemes. The company has also secured approval from market regulator SEBI to launch five mutual fund schemes. Jio BlackRock New Mutual Funds Scheme These funds are JioBackRock Nifty 50 index, JioBlackRock Nifty 8-13 yr G-Sec Index Fund, JioBlackRock Nifty Smallcap 250 Index Fund, JioBlackRock Nifty Next 50 Index Fund, and JioBlackRock Nifty Midcap 150 Index Fund, an update with Sebi showed on Wednesday. On July 7, JioBlackRock Asset Management announced the closure of its maiden New Fund Offer (NFO), recording a total investment of Rs 17,800 crore (USD 2.1 billion). The fund was mobilised from three cash/debt mutual fund schemes — JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. The three-day NFO received an overwhelming response from over 90 institutional investors and more than 67,000 retail investors. Jio BlackRock NFO The three-day New Fund Offer (NFO), held from June 30 to July 2, drew investments from more than 90 institutional investors. According to a press release, this strong response highlights investor confidence in Jio BlackRock Asset Management's data-driven investment strategy and digital-first approach. 'The overwhelming response to our first NFO from institutional and retail investors is a powerful endorsement of JioBlackRock Asset Management's innovative investment philosophy, risk management capabilities and digital-first approach. This is a strong start to our journey towards becoming a transformative force in India's evolving investment landscape, catering to all types of investors,' said Sid Swaminathan, Managing Director and CEO, JioBlackRock Asset Management. (With Inputs From PTI)
News18
09-07-2025
- Business
- News18
Jio BlackRock To Launch 8 New Mix Debt And Equity Funds, Seeks SEBI's Nod: Report
Last Updated: Jio BlackRock Mutual Fund plans to launch 8 new funds, seeking approval. Their first three debt-oriented NFOs raised Rs 17,800 crore, aiming to widen the retail investor base. Jio BlackRock Mutual Fund: Jio BlackRock Mutual Fund is looking to launch 8 new funds after a successful debut. According to a Reuters report, the mutual fund JV is seeking the market regulator's permission for these 8 new NFOs. Most of these NFOs will allow investment as low as Rs 500, aimed at widening the retail investor base. The Reuters report underlines that Jio BlackRock Asset Management plans to introduce nearly a dozen equity and debt funds in India by the year-end, focusing on small-ticket investments. The first three NFOs of Jio BlackRock Asset Management were debt-oriented. The AMC successfully raised Rs 17,800 crore through these three MF schemes. Since acquiring the licence in May, the AMC launched three open-ended debt schemes – Jio BlackRock Liquid Fund, Jio BlackRock Money Market Fund, and Jio BlackRock Overnight Fund. The venture is a collaboration between Jio Financial Services, a subsidiary of Mukesh Ambani's Reliance Industries Ltd, and the US-based investment firm BlackRock. These three abovementioned funds opened for subscription from June 30 and be remained available until July 2. They had the minimum investment requirement of Rs 500. A Debt MF is a kind of mutual fund that invests money in fixed-instruments like government bonds, corporate bonds, T-bills, commercial papers, and certificates of deposits. The initial offer, lasting three days and concluding on July 2, 2025, garnered attention from over 90 institutional investors and more than 67,000 retail investors, according to Jio BlackRock's statement. Sid Swaminathan, Managing Director and CEO of JioBlackRock Asset Management, expressed his appreciation: 'The overwhelming response to our first NFO from institutional and retail investors is a strong endorsement of Jio BlackRock Asset Management's innovative investment philosophy, risk management capabilities, and digital-first approach. This is a significant start to our mission of transforming India's investment landscape and catering to a wide range of investors. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
08-07-2025
- Business
- Economic Times
JioBlackRock Mutual Fund seeks Sebi nod to launch 8 new funds: Report
The upcoming funds will offer investment options starting at just Rs 500, targeting wider retail participation. JioBlackRock Mutual Fund has applied to the Securities and Exchange Board of India (Sebi) to launch eight new schemes, according to a Reuters report. This follows the launch of its first three funds. The upcoming funds will offer investment options starting at just Rs 500, targeting wider retail BlackRock Asset Management plans to introduce nearly a dozen equity and debt funds in India by the year-end, focusing on small-ticket investments and bypassing distributors to reduce costs, the report further said. Also Read | Jio BlackRock raises more than Rs 17,800 crore through debut new fund offer The report also stated that JioBlackRock plans to bypass the traditional distributor network by offering its funds directly to both institutional and retail investors. This approach is expected to lower the fees or expense ratios typically associated with mutual fund investments. The fund house on Monday announced the successful closure of its maiden New Fund Offer (NFO), receiving a total investment of Rs 17,800 crore (USD 2.1 billion), across three cash/debt mutual fund schemes – JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. The three-day NFO, which was launched on June 30 and closed on July 2, attracted investments from over 90 institutional investors, reflecting confidence in JioBlackRock Asset Management's value proposition that combines data-driven investing and a digital-first cash/debt mutual fund schemes also recorded an overwhelming response from retail investors, with over 67,000 individuals investing in these funds during the offer period.'The overwhelming response to our first NFO from institutional and retail investors is a powerful endorsement of JioBlackRock Asset Management's innovative investment philosophy, risk management capabilities and digital-first approach. This is a strong start to our journey towards becoming a transformative force in India's evolving investment landscape, catering to all types of investors,' said Sid Swaminathan, Managing Director and CEO, JioBlackRock Asset Asset Management has also rolled out a new account creation feature on the JioFinance app to streamline onboarding for retail investors. The initiative is aimed at making it easier for users to set up investment-ready accounts quickly ahead of the fund house's upcoming launches. Also Read | JioBlackRock launches mutual fund access on MyJio, calls it a new era of investing Last week, the JioBlackRock Mutual Fund announced the launch of mutual fund access on the MyJio app and called it a new era of investing. The fund house posted on social media platform X that, 'A new era of investing has begun on the MyJio app.' Jio BlackRock Asset Management Private Limited (JBAMPL or JioBlackRock Asset Management) is a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock ('the shareholders').
Time of India
08-07-2025
- Business
- Time of India
JioBlackRock Mutual Fund seeks Sebi nod to launch 8 new funds: Report
JioBlackRock Mutual Fund has applied to the Securities and Exchange Board of India ( Sebi ) to launch eight new schemes, according to a Reuters report. This follows the launch of its first three funds. The upcoming funds will offer investment options starting at just Rs 500, targeting wider retail participation. Jio BlackRock Asset Management plans to introduce nearly a dozen equity and debt funds in India by the year-end, focusing on small-ticket investments and bypassing distributors to reduce costs, the report further said. Also Read | Jio BlackRock raises more than Rs 17,800 crore through debut new fund offer Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » The report also stated that JioBlackRock plans to bypass the traditional distributor network by offering its funds directly to both institutional and retail investors. This approach is expected to lower the fees or expense ratios typically associated with mutual fund investments. The fund house on Monday announced the successful closure of its maiden New Fund Offer (NFO), receiving a total investment of Rs 17,800 crore (USD 2.1 billion), across three cash/debt mutual fund schemes – JioBlackRock Overnight Fund , JioBlackRock Liquid Fund and JioBlackRock Money Market Fund . Live Events The three-day NFO, which was launched on June 30 and closed on July 2, attracted investments from over 90 institutional investors, reflecting confidence in JioBlackRock Asset Management's value proposition that combines data-driven investing and a digital-first approach. The cash/debt mutual fund schemes also recorded an overwhelming response from retail investors, with over 67,000 individuals investing in these funds during the offer period. 'The overwhelming response to our first NFO from institutional and retail investors is a powerful endorsement of JioBlackRock Asset Management's innovative investment philosophy, risk management capabilities and digital-first approach. This is a strong start to our journey towards becoming a transformative force in India's evolving investment landscape, catering to all types of investors,' said Sid Swaminathan, Managing Director and CEO, JioBlackRock Asset Management. JioBlackRock Asset Management has also rolled out a new account creation feature on the JioFinance app to streamline onboarding for retail investors. The initiative is aimed at making it easier for users to set up investment-ready accounts quickly ahead of the fund house's upcoming launches. Also Read | JioBlackRock launches mutual fund access on MyJio, calls it a new era of investing Last week, the JioBlackRock Mutual Fund announced the launch of mutual fund access on the MyJio app and called it a new era of investing. The fund house posted on social media platform X that, 'A new era of investing has begun on the MyJio app.' Jio BlackRock Asset Management Private Limited (JBAMPL or JioBlackRock Asset Management) is a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock ('the shareholders').
Time of India
08-07-2025
- Business
- Time of India
JioBlackRock MF raises Rs 17.8k cr in maiden NFO
NEW DELHI: JioBlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and BlackRock, on Monday announced closure of its maiden New Fund Offer (NFO), recording a total investment of Rs 17,800 crore. The fund was mobilised from three cash/debt mutual fund schemes - JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. The three-day NFO attracted investments from over 90 institutional investors. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
